According to Fortune, U.S. Senator Richard Blumenthal has sent a letter to the Department of Justice and the Financial Crimes Enforcement Network (FinCEN), requesting updates on the status of Binance's compliance monitors. This comes amid allegations that approximately $1.7 billion in crypto funds linked to Iran flowed through the exchange. The compliance monitoring mechanism stems from a 2023 settlement agreement between Binance and the U.S. government, during which Binance was fined $4.3 billion for anti-money laundering and sanctions compliance issues and agreed to independent oversight. https://(wublock123.com)/news/senator-presses-doj-over-binance-iran-fund-flows-compliance-59704